G20 SUMMIT AND ITS ECONOMIC STRATEGY OF CRISIS PREVENTION BY SPENDING CUTS MAY AFFECT SALES AND BUSINESSES GROWTH IN THE DOMESTIC AND FOREIGN WORLD MARKETS.

The economic summit of the world leaders also known as the G20 has been scheduled to take place over the weekend in Canada.
The Summit may focuse on many economic issues that entails the emphasis on crisis prevention economic strategy based on drastic governments spending reduction by budgets cuts, jobs slashing and cuts on social assistance for the citizens in various developed countries, eventhough this economic strategy of spending reduction that aims at crisis prevention by both deficit and inflation reduction that has not exceeded the fifty five percentage point which has been about fourty three percent above the inflation crisis that ever hit the USA, major world financial centers and many countries.
However, this economic strategy on spending cuts, tougher financial and banking regulations have not been favored by businesses in the USA, the European markets and other countries markets, despite the introduction of the stimulus financial packages.

Written by Godfrey Ohia.